A credit card debt loan is sometimes called a consolidation loan. It is used to help balance out the debt from several credit cards. A credit card loan consolidates the entire amount due on all your credit cards into 1 loan. You use the loan to pay off the complete amount due on each and every 1 of your credit cards simultaneously. There are 2 basic types of credit card debt loan. These are secure and unsecured loans. The secured credit card debt loan is collateral based. It relies on your collateral to ensure the loan is guaranteed or secure. Collateral may be a piece of property or your home. An unsecured credit card debt loan is the same as a secure credit card debt loan. There is one major difference. An unsecured credit card debt loan has no collateral to back it up in case of forfeiture. It is always easier to obtain a secure credit card debt loan than an unsecured one.